OREANDA-NEWS. November 09, 2012. China Shengda Packaging Group Inc. has regained compliance with the minimum bid-price requirement of the NASDAQ Stock Market for continued listing of the Company's common stock.

As previously disclosed, the Company received a notice from the NASDAQ on May 7, 2012 that its common stock had failed to maintain a minimum bid-price of USD 1.00 over the previous 30 consecutive business days, as required by the Listing Rules of the NASDAQ.

On October 30, 2012, the Company received confirmation from the NASDAQ that it had regained compliance with continued listing standards under Listing Rule 5450, after the closing bid-price of the Company's common stock had been USD 1.00 per share or greater for the last 10 consecutive business days, i.e., from October 15, 2012 to October 26, 2012.

China Shengda Packaging Group Inc. is a leading paper packaging company in China. It is principally engaged in the design, manufacturing and sale of flexo-printed and color-printed corrugated paper cartons in a variety of sizes and strengths. It also manufactures corrugated paperboards, which are used for the production of its flexo-printed and color-printed cartons.